Nigerians traded N497.35bn ($1.16bn) worth of Bitcoin from the beginning of 2021 to June 2022, indicating an increasing prominence of the digital currency in the nation.
This is despite the Central Bank of Nigeria’s restriction on cryptocurrencies in the nation.
In February 2021, the CBN had said, “Further to earlier regulatory directives on the subject, the bank hereby wishes to remind…
Amid the decline in the prices of cryptocurrencies on the back of rising inflation rates and geopolitical unrest, analysts have outlined some of the ways investors can make returns on their investment.
In the last few days, a stablecoin, called TerraUSD (UST), and its sister…
The value of Bitcoin has dropped below $31,000 (£25,140) – less than half of what it was at its peak last November, according to the Coinbase cryptocurrency exchange.
The fall of the world’s largest cryptocurrency by market value comes as stock markets around the world…